Ether Falls Below $1,900 as Losses Outpace Bitcoin
Ether dropped below $1,900 as market losses outpaced Bitcoin, accompanied by a sixth consecutive session of US spot ether ETF net withdrawals.
Ether ($ETH) fell below $1,900, experiencing losses that outpaced Bitcoin during the latest market downturn, according to TheDefiant.
ETF Outflows Continue
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The downward price movement coincided with ongoing capital outflows from institutional investment products. According to TheDefiant, US spot ether exchange-traded funds recorded their sixth consecutive session of net withdrawals.
Flow Tally Incomplete
The full extent of the latest institutional capital shift remains undetermined. TheDefiant reported that the flow tally for the following day remained incomplete at the time of the update.
Key facts
- Ether dropped below the $1,900 price threshold.
- Losses for ether outpaced those of Bitcoin during the session.
- US spot ether ETFs recorded a sixth session of net withdrawals.
- The flow tally for the subsequent day remained incomplete.
Source: thedefiant.io
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